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                                                                   EXHIBIT 23.2


              CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

         We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of Raymond James Financial, Inc., of our
report dated November 14, 1997, appearing on page F-3 of Raymond James
Financial, Inc.'s Annual Report on Form 10-K for the year ended September 26,
1997.


/s/ Price Waterhouse LLP


Tampa, Florida,
July 1, 1998